Financial Giant Fidelity Discusses Spot Bitcoin ETF Application With SEC
11.12.2023
Financial services giant Fidelity recently met with the U.S. Securities and Exchange Commission (SEC) regarding its spot bitcoin exchange-traded fund (ETF) application. Like Blackrock, the world’s largest asset manager, Fidelity appears to be pushing to use the in-kind creation model for...
SEC Warns Crypto Investments Can Be ‘Exceptionally Risky’
11.12.2023
The U.S. Securities and Exchange Commission (SEC) has renewed its warning that investments in crypto assets can be “exceptionally risky.” The regulator stressed that crypto-related investments “continue to be replete with fraud, including bogus coin offerings, Ponzi and pyramid...
‘All Russians’ Will Be Able to Use Digital Ruble in 2024 – Moscow
11.12.2023
Source: petert2/Adobe The Russian government wants to fast-track the launch of the digital ruble – and now claims that all citizens will be able to use the CBDC in 2024. The Central Bank has previously claimed that Russians may have to wait until 2027 for a full nationwide rollout. But in recent...
Report: 47% of Nigerians Engaged in Crypto-Related Activities
10.12.2023
A new study has found that as much as 47% of Nigerians are actively engaged in crypto trading which is now increasingly incorporated in their financial lives. The analysis also showed that crypto ownership in the country grew by 15% between 2020 and 2023. Cryptocurrencies No Longer Seen...
CME Group Dominates Bitcoin Futures Open Interest Amidst Speculations of $40K Gap Closing
10.12.2023
Recent data indicates that CME Group maintains its top position in bitcoin futures open interest, holding $5.29 billion, followed closely by Binance with $4.65 billion. A comprehensive analysis of 14 distinct exchanges offering derivatives reveals a combined open interest totaling $40.74 billion...
Snowden Blasts Elizabeth Warren as ‘Pro-Banker,’ Claims She ‘Rolls Over’ for JPMorgan Boss in Crypto Clash
10.12.2023
This week, the crypto community actively discussed Massachusetts Senator Elizabeth Warren’s remarks labeling crypto as a potential threat. Additionally, JPMorgan boss Jamie Dimon voiced a similar sentiment, asserting he would close crypto down if he held governmental power. In response...
Elon Musk’s Ripple Effect: Cogwise Predicts a $95 Million Revenue Loss for X and Its Impact on the Stock Price
10.12.2023
This Sponsored Story is written by Cogwise. As the fallout from Elon Musk’s bold statement continues to reverberate across the business landscape, one crucial question looms: How will the predicted $95 million revenue loss for X translate into tangible effects on its stock price?...
Cardano and Avalanche Soar, Outperforming Top 20 Cryptos in Weekly Surge
10.12.2023
Market statistics indicate that two specific crypto assets among the top 20 in market capitalization, avalanche and cardano, have experienced substantial gains this past week. Avalanche has surged 48.7% and cardano has increased by 50.4% against the U.S. dollar in the previous seven days....
Ripples in the Bitcoin Sea: Ocean Pool’s Transaction Blacklist Sparks Industry Uproar
10.12.2023
In recent days, discussions have intensified around the emerging bitcoin mining pool Ocean and its decision to exclude certain transactions, specifically those linked to Ordinal inscriptions and coinjoin activities. Luke Dashjr, a key figure in Ocean’s operations and a prominent Bitcoin Core...
Frustrated Polygon (MATIC) holders move towards Retik Finance (RETIK)
10.12.2023
In the ever-shifting landscape of cryptocurrencies, holders of Polygon’s native token, MATIC, find themselves at a crossroads as the asset faces a challenging phase. The recent decline in MATIC’s price has led to growing frustration among its investors. Consequently, many are exploring...
BTC Dev Wants to ‘Fix’ Ordinal Inscription ‘Exploit,’ Blackrock Updates ETF Filing, and More — Week in Review
10.12.2023
BTC developer Luke Dashjr wants to “fix” Bitcoin Ordinal inscriptions, as he views them as exploitative, dividing the crypto community. In other news, in a spot bitcoin exchange-traded fund (ETF) filing update, monolithic asset manager Blackrock has noted the possibility of BTC being...
Bitcoin Price Prediction: BTC Surges, Outshining Gold in 2023 Rally
10.12.2023
Bitcoin (BTC), the flagship cryptocurrency, is currently trading at $43,850, marking a slight decrease of nearly 0.50% on Sunday. Despite this minor dip, Bitcoin’s performance this year has been nothing short of stellar, outshining traditional safe-haven assets like gold. In 2023, Bitcoin...